FX.co ★ Japanese Shares Track Wall Street Higher

The Nikkei 225 experienced a modest increase of 0.3%, closing at 44,902, while the Topix rose by 0.25% to finish at 3,168 on Tuesday. This positive performance saw Japanese stocks reach new record highs, mirroring gains made on Wall Street as investors anticipated a reduction in interest rates by the US Federal Reserve. Further boosting investor sentiment, President Donald Trump indicated that trade negotiations between the US and China in Spain were making headway. A telephone discussion between Trump and Chinese President Xi Jinping is scheduled for Friday to potentially finalize trade terms. On the domestic front, the Bank of Japan is anticipated to maintain its policy rate at 0.5% this week, as policymakers assess the effects of US tariffs on Japan's export-reliant economy. Notably, technology stocks drove the upward trend, with Disco rising by 8.2%, Advantest by 1.3%, Kioxia Holdings by 6%, Tokyo Electron by 1.9%, and Lasertec by 1.4%.